Layer-2 Blockchain
An off-chain network built on top of layer 1 blockchain. In this technology, the capabilities of the previous layers/technology/network/system are extended. Layer 2 blockchain can support any other blockchain and can enhance any feature such as higher transaction throughputs. One of the peculiar natures of the technology is its security inherited from the technology on which it is made.
Key feature of the blockchain network
Layer 2 blockchain has several features and benefits. Its key characteristics are
- It has a high transaction speed
- It has a very low transaction fee
- It has the immutability and finality of the transaction